Beijing Chaoyang police open an investigation into companies related to CreditEase; multiple suspects subjected to criminal compulsory measures
Beijing Chaoyang police stated that they have opened an investigation into suspected illegal and criminal activities by companies related to CreditEase, and that actual controllers Mr. Tang, Ms. Zhao, and others have been subjected to criminal compulsory measures. CreditEase previously suspended repayments on approximately 30000000000 yuan of quasi-fixed-income products and acknowledged that it may be insolvent.